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QUESTION 3 A company reported a net loss of $30,000 for 2020, yet its cash balance increased during the year. Which financial statement should management
QUESTION 3 A company reported a net loss of $30,000 for 2020, yet its cash balance increased during the year. Which financial statement should management refer to for an explanation of this situation? O a statement of stockholders' equity Ob Balance sheet OC Statement of cash flows Od. Income statement QUESTION 4 Petey Corporation had the following items on its balance sheet at December 31, 2019: accounts payable - $40,000, accumulated depreciation = $400,000 allowance for doubtful accounts = $10,000, equipment $900,000: notes payable due March 1, 2020 = $100,000 notes payable due December 31, 2023 = $400,000 salaries payable - $60,000, uneamed revenue - $120,000. What is the amount of current liabilities as of December 31, 2019? O a $320,000 Ob $200,000 O 3730,000 Od $720,000
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